JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Garland Capital Management Inc.

Garland Capital Management Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,235 shares of the financial services provider's stock after selling 6,830 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 5.9% of Garland Capital Management Inc.'s holdings, making the stock its biggest holding. Garland Capital Management Inc.'s holdings in JPMorgan Chase & Co. were worth $7,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Principal Financial Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after buying an additional 182,648 shares during the period. United Bank increased its position in JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider's stock valued at $5,346,000 after purchasing an additional 614 shares during the period. Alpha DNA Investment Management LLC raised its holdings in JPMorgan Chase & Co. by 66.3% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 21,147 shares of the financial services provider's stock worth $4,459,000 after purchasing an additional 8,434 shares in the last quarter. Wealth Dimensions Group Ltd. boosted its stake in shares of JPMorgan Chase & Co. by 3.4% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 5,397 shares of the financial services provider's stock valued at $1,138,000 after purchasing an additional 176 shares in the last quarter. Finally, Centaurus Financial Inc. raised its stake in JPMorgan Chase & Co. by 7.6% in the third quarter. Centaurus Financial Inc. now owns 41,912 shares of the financial services provider's stock worth $8,838,000 after buying an additional 2,944 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JPM. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Bank of America increased their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. UBS Group boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Piper Sandler raised their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.89.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of JPMorgan Chase & Co. stock traded down $1.88 on Monday, reaching $240.97. The stock had a trading volume of 2,192,209 shares, compared to its average volume of 9,316,132. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The company has a 50 day moving average price of $257.55 and a 200 day moving average price of $240.77. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $673.79 billion, a P/E ratio of 12.20, a P/E/G ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.'s revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $3.04 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.32%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is presently 28.37%.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares of the company's stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock valued at $19,987,908 in the last ninety days. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.